Avista Corporation (AVA)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	1,514,282	1,515,676	1,496,731	1,315,869	1,036,185	1,060,080	725,769	741,922	735,862	661,782	616,131	549,412	497,123	449,602	426,254	403,541	398,509	392,004	411,543	432,017
Inventory	US$ in thousands	193,000	185,940	175,588	163,709	159,984	145,174	115,805	101,775	107,674	123,447	105,791	76,402	84,733	87,203	82,778	63,160	67,451	69,026	67,333	56,681
Inventory turnover		7.85	8.15	8.52	8.04	6.48	7.30	6.27	7.29	6.83	5.36	5.82	7.19	5.87	5.16	5.15	6.39	5.91	5.68	6.11	7.62

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,514,282K ÷ $193,000K
= 7.85

The inventory turnover ratio for Avista Corporation has fluctuated over the past few years, indicating varying levels of efficiency in managing its inventory. The ratio measures how many times a company's inventory is sold and replaced over a specific period. A higher turnover ratio generally suggests that a company is selling its inventory quickly and efficiently.

Based on the data provided:
- The inventory turnover ratio ranged from a low of 5.15 in June 2021 to a high of 8.52 in June 2024.
- The average inventory turnover ratio for the period appears to be around 6.5, with some quarters significantly deviating from this average.
- There seems to be some seasonality or cyclicality in the inventory turnover ratio, with peaks and valleys occurring at various points throughout the years.

Overall, Avista Corporation's inventory turnover ratio trended upwards towards the end of the period, indicating potential improvements in inventory management efficiency. However, further analysis and comparison with industry benchmarks would be necessary to fully evaluate Avista Corporation's performance in this area.